Bitcoinist·
Bitcoin is trading above $65,000 after a 12% breakdown over two days that erased weeks of recovery progress and forced a reassessment of the market’s structural integrity. The speed of the decline was alarming — but XWIN Research Japan has published an on-chain analysis that looks beneath the price action and identifies signals that complicate […]
Read full articleBitcoin's decline highlights its vulnerability to macroeconomic shifts, aligning it with high-risk assets and impacting future price expectations. The post Bitcoin drops 50% from all-time high amid market downturn appeared first on Crypto Briefing.
Can the valuation plummet below $50K in the short term?
A Charles Schwab strategist says Bitcoin isn't crashing because of Michael Saylor's sale, it's losing the momentum trade to gold, AI stocks, and IPOs.
Bitcoin’s 200-week moving average, sitting at around $61,700, is the line the market is watching most closely right now. That level has marked the bottom of every major Bitcoin bear cycle going back to 2015, and it held again this week — at least for now. Related Reading: XRP Already Powers Real Banking Activity, Says Evernorth, With More Growth Expected A Classic Bottom Signal — Or Just A Pause? The selloff dragged Bitcoin down to around $61,300 before buyers pushed the price back up past $64,750, a recovery of more than 5%. Reports say the rebound came alongside news that Israel and Lebanon had agreed to a ceasefire, though the price action itself was already being shaped by a massive liquidation event. Over $740 million in BTC positions were wiped out in a 24-hour window, according to data from CoinGlass. Long traders took the bulk of the hit, with more than $623 million in bullish bets liquidated as the price fell. Bear Flag Still Looms Bitcoin’s weekly chart shows a bear flag brea
Glassnode has highlighted how the latest Bitcoin crash triggered a $1.35 billion capitulation event, with long-term holders contributing the majority. Bitcoin Realized Loss Has Witnessed A Spike Recently In its latest weekly report, on-chain analytics firm Glassnode has discussed about the loss-taking panic that has accompanied the latest drawdown in the Bitcoin price. The indicator […]
SpaceX's IPO could redefine market norms, influencing future IPO strategies and normalizing Bitcoin holdings for pre-IPO companies. The post JPMorgan CEO Jamie Dimon to discuss SpaceX IPO with clients this week appeared first on Crypto Briefing.
Strategy's sale of 32 BTC in May sparked one of the most contentious debates around Polymarket's resolution criteria.
Bitcoin closed May near $70,600 after losing roughly 8% to 10% during a month dominated by rising inflation, higher Treasury yields, and escalating geopolitical uncertainty, according to a market report from Finestel. According to Finestel’s May market report shared with…
